Sell Walgreen's on earnings decline
We identified a low valuation in WAG in November 2011 and bought the stock under $33. We recommend selling this position now at $36.20 market price.
Reasoning: Three consecutive quarters of earnings decline is a clearly identified sell signal according to the Purple Chips model. No buy target will be initiated until the earnings trend reverses.
WAG remains a good quality Purple Chip stock and part of our coverage universe.
Video analysis follows below: